Live in China? Own property? Virtual property? Sunshine Insurance Group Corporation might have you covered.

Working with online game operator Gamebar, the insurance company is issuing virtual property insurance to protect players from theft or loss of "virtual property" such as "land" or "currency", reported China Daily.

According to Sunshine, the insurance will also protect game operators, who purchase the insurance to compensate customers from damages. This is apparently the first virtual property insurance in China—if not the world.

China's first 'virtual property' insurance launched [China Daily]